N.Y. Public Authorities Law § 1599-m*4: Bonds and notes legal investments for public officers and fiduciaries

* § 1599-m. Bonds and notes legal investments for public officers and

fiduciaries. The bonds are hereby made securities in which all public

officers and bodies of this state and all municipalities and municipal

subdivisions, all insurance companies and associations and other persons

carrying on an insurance business, all banks, bankers, trust companies,

savings banks and savings associations, including savings and loan

associations, building and loan associations, investment companies and

other persons carrying on a banking business, all administrators,

guardians, executors, trustees and other fiduciaries and all other

persons whatsoever except as hereinafter provided, who are now or may

hereafter be authorized to invest in bonds or other obligations of the

state, may properly and legally invest funds including capital in their

control or belonging to them. The bonds are also hereby made securities

which may be deposited with and shall be received by all public officers

and bodies of this state and all municipalities and municipal

subdivisions for any purpose for which the deposit of bonds or other

obligations of this state is now or may hereafter be authorized.

* NB Authority ceased to exist 08/05/2002

* NB There are 4 § 1599-m's